Investment Casting Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Alcoa, Precision Castparts, CIREX, Zollern

The global Investment Casting Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.10% during the review period (2022 to 2027)

Investment Casting Market Overview

Investment casting is a process where the metal part is produced with the help of an investment mold. The investment casting procedure is also known as the Lost wax method. This process helps in the following procedure that contains minimizing the material waste, energy, and machining. Its main application is in the aerospace, gas turbine, industrial and automotive industries. The main driving force in the investment casting market's growth is its control of the close dimensional structure and good surface. The wax pattern is further melted into a furnace and metal is poured into the shell to make a casting. This process is usually used to manufacture machinery components, automotive components, turbine blades, dental fixtures, etc. It decreases the wastage of energy, material and subsequent machining and aids in creating intricate designs with accurate and smooth finishing. As a result, this procedure finds extensive applications across various industries, such as automotive, aerospace, military, medical and oil and gas. Significant growing in the aviation and aerospace industry in recent years is one of the key factors creating a positive impact on the market. In line with this, investment casting procedures are extensively used in the manufacturing of military aircraft, jets, launch vehicles, helicopters, and commercial transport vehicles. Also, increasing environmental consciousness and enhanced focus on sustainable development are also driving the market growth. The wax used for investment casting is generally melted and reused for manufacturing components of different shapes and sizes. Moreover, several technological advancements, such as improvements in casting processes through simulations and the utilization of metal additive manufacturing practices, all-in-one 3D printing, X-ray defect detection and casting and forging techniques, are acting as other growth-inducing factors.

Industry News

In October 2021, Alcoa Corporation declared its plans to achieve net-zero greenhouse gas (GHG) emissions across its global operations by 2050. The aim to reach net-zero GHG emissions by 2050 for direct (scope 1) and indirect (scope 2) emissions aligns with the company’s strategic priority to advance sustainably and complements its existing targets, which include reducing direct and indirect GHG emissions from aluminum smelting and alumina refining operations by 30% by 2025 and 50% by 2027.

What are the major Applications, Types and Regions for Investment Casting Market?

By Type, it is segmented into

• Sodium Silicate Process


• Tetraethyl Orthosilicate (Silica Sol Process)


• Others

By Applications it is segmented into

• Automotive


• Aerospace and Military


• Industrial Gas Turbines


• General Industrial Machinery


• Others

Investment Casting Market Regional Analysis

North America Leads the Investment Casting Market.

North America is top the investment casting market and is likely to hold the top position, followed by Asia-Pacific and Europe. The aspects attributable to North America's growth are the expanding manufacturing industry, primarily industrial gas and aerospace and defense applications, and the presence of significant defense aircraft and component manufacturers in the region, including Lockheed Martin, Raytheon, and Northrop Grumman.

Rendering to the American Automotive Policy Council, the automotive industry is the major manufacturing sector in the United States, with vehicles and parts exported in the last five years amounting to USD 692 billion. In 2021, around 8.8 million motor vehicles were produced in the United States. About 1.4 million passenger cars and light vehicles were exported from the United States in 2021.

North America

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  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Investment Casting Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Investment Casting Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Investment Casting Market Report Scope?

Key Takeaways from this Investment Casting Report

• Evaluate Investment Casting market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Investment Casting market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Investment Casting Market is studied from 2017 - 2027.

 What is the growth rate of Investment Casting Market?

The Investment Casting Market is growing at a CAGR of 5.10% over the next 5 years.

What regions does this Investment Casting Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.